Scott Bessent is breaking the glass to check rising bond yields, but the fix is flawed.

U.S. Treasury bond sell-off coincided with the nonpartisan Congressional Budget Office's release of statistics that the national debt is about to cross $40 trillion.

"They can intervene again and they can push back. But ultimately, it’s going to be policy that dictates where you’ll go in the long term. We’re talking about the symptoms again,…

Scott Bessent is breaking the glass to check rising bond yields, but the fix is flawed.

Yields on 30-year US government debt rise

By Victor Reklaitis and Greg Robb

US Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confidence in economic fundamentals.…